:root {
  --ink: #18202a;
  --navy: #142636;
  --navy-2: #21394d;
  --accent: #d9481c;
  --accent-2: #ef6c23;
  --orange: #f59e0b;
  --gold: #f6c341;
  --paper: #f6f4f1;
  --surface: #ffffff;
  --surface-warm: #fff8f2;
  --muted: #697079;
  --muted-2: #8a8f95;
  --line: #ddd8d0;
  --line-strong: #c8c1b7;
  --positive: #23755a;
  --negative: #b33b2e;
  --watch: #9a6a17;
  --shadow: 0 16px 40px rgba(20, 38, 54, 0.08);
  --radius: 4px;
  --content: 1440px;
}

* {
  box-sizing: border-box;
}

html {
  scroll-behavior: smooth;
}

body {
  margin: 0;
  color: var(--ink);
  background: var(--paper);
  font-family: "Inter", "Helvetica Neue", "Microsoft YaHei", "PingFang SC", Arial, sans-serif;
  font-size: 15px;
  line-height: 1.65;
  text-rendering: optimizeLegibility;
}

a {
  color: inherit;
  text-decoration: none;
}

a:hover {
  color: var(--accent);
}

button,
input,
select {
  font: inherit;
}

.site-header {
  position: relative;
  z-index: 50;
  border-bottom: 1px solid rgba(255, 255, 255, 0.12);
  background: rgba(20, 38, 54, 0.98);
  color: #fff;
  backdrop-filter: blur(16px);
}

.header-inner {
  width: min(var(--content), calc(100% - 48px));
  min-height: 74px;
  margin: 0 auto;
  display: flex;
  align-items: center;
  gap: 30px;
}

.brand {
  display: inline-flex;
  align-items: center;
  gap: 14px;
  flex: 0 0 auto;
}

.brand img {
  width: 146px;
  height: auto;
  display: block;
  padding: 5px 9px;
  background: #fff;
}

.brand-copy {
  padding-left: 14px;
  border-left: 1px solid rgba(255, 255, 255, 0.3);
}

.brand-copy strong {
  display: block;
  font-size: 15px;
  letter-spacing: 0.06em;
}

.brand-copy small {
  display: block;
  color: rgba(255, 255, 255, 0.62);
  font-size: 10px;
  letter-spacing: 0.15em;
}

.nav-toggle {
  display: none;
  margin-left: auto;
  border: 1px solid rgba(255, 255, 255, 0.35);
  border-radius: 2px;
  padding: 7px 10px;
  color: #fff;
  background: transparent;
}

.main-nav {
  margin-left: auto;
  display: flex;
  align-items: center;
  gap: 4px;
}

.main-nav a {
  position: relative;
  padding: 25px 11px 23px;
  color: rgba(255, 255, 255, 0.78);
  font-size: 13px;
  white-space: nowrap;
}

.main-nav a:hover,
.main-nav a.active {
  color: #fff;
}

.main-nav a.active::after {
  content: "";
  position: absolute;
  right: 10px;
  bottom: 0;
  left: 10px;
  height: 3px;
  background: linear-gradient(90deg, var(--accent), var(--orange));
}

.page-shell {
  width: min(var(--content), calc(100% - 48px));
  margin: 0 auto;
  padding: 42px 0 80px;
}

.breadcrumb {
  margin: 0 0 18px;
  color: var(--muted);
  font-size: 12px;
}

.breadcrumb a {
  color: var(--accent);
}

.hero {
  position: relative;
  overflow: hidden;
  min-height: 420px;
  padding: 64px 64px 54px;
  color: #fff;
  background:
    linear-gradient(115deg, rgba(20, 38, 54, 0.98), rgba(31, 53, 71, 0.94)),
    linear-gradient(30deg, var(--accent), var(--orange));
  box-shadow: var(--shadow);
}

.hero::after {
  content: "";
  position: absolute;
  top: -170px;
  right: -110px;
  width: 520px;
  height: 520px;
  border: 92px solid rgba(245, 158, 11, 0.16);
  transform: rotate(28deg);
}

.hero::before {
  content: "";
  position: absolute;
  right: 235px;
  bottom: -210px;
  width: 360px;
  height: 360px;
  border: 60px solid rgba(217, 72, 28, 0.28);
  transform: rotate(28deg);
}

.hero-content {
  position: relative;
  z-index: 2;
  max-width: 930px;
}

.eyebrow {
  margin: 0 0 14px;
  color: var(--accent);
  font-size: 11px;
  font-weight: 700;
  letter-spacing: 0.16em;
  text-transform: uppercase;
}

.hero .eyebrow {
  color: #ffb178;
}

.hero h1,
.page-title h1,
.fund-hero h1 {
  margin: 0;
  font-family: "Georgia", "Songti SC", "SimSun", serif;
  font-weight: 500;
  letter-spacing: -0.025em;
}

.hero h1 {
  max-width: 900px;
  font-size: clamp(40px, 5vw, 72px);
  line-height: 1.08;
}

.hero-lead {
  max-width: 850px;
  margin: 24px 0 0;
  color: rgba(255, 255, 255, 0.78);
  font-size: 18px;
  line-height: 1.75;
}

.hero-meta {
  margin-top: 34px;
  display: flex;
  flex-wrap: wrap;
  gap: 10px 22px;
  color: rgba(255, 255, 255, 0.68);
  font-size: 12px;
}

.hero-meta span::before {
  content: "";
  width: 5px;
  height: 5px;
  margin-right: 8px;
  display: inline-block;
  border-radius: 50%;
  background: var(--orange);
  vertical-align: 2px;
}

.kpi-strip {
  position: relative;
  z-index: 3;
  margin: -30px 36px 0;
  display: grid;
  grid-template-columns: repeat(4, 1fr);
  border-top: 4px solid var(--accent);
  background: #fff;
  box-shadow: var(--shadow);
}

.kpi {
  min-height: 122px;
  padding: 24px 28px;
  border-right: 1px solid var(--line);
}

.kpi:last-child {
  border-right: 0;
}

.kpi strong {
  display: block;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 32px;
  font-weight: 500;
  line-height: 1.1;
}

.kpi span {
  display: block;
  margin-top: 9px;
  color: var(--muted);
  font-size: 12px;
}

.section {
  margin-top: 58px;
}

.section-heading {
  margin-bottom: 24px;
  display: flex;
  align-items: flex-end;
  justify-content: space-between;
  gap: 24px;
}

.section-heading h2 {
  margin: 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: clamp(27px, 3vw, 38px);
  font-weight: 500;
  line-height: 1.2;
}

.section-heading p {
  max-width: 700px;
  margin: 8px 0 0;
  color: var(--muted);
}

.section-link {
  color: var(--accent);
  font-size: 13px;
  font-weight: 600;
  white-space: nowrap;
}

.section-link::after {
  content: " →";
}

.page-title {
  padding: 26px 0 30px;
  border-bottom: 1px solid var(--line-strong);
}

.page-title h1 {
  color: var(--navy);
  font-size: clamp(36px, 5vw, 58px);
  line-height: 1.1;
}

.page-title p {
  max-width: 850px;
  margin: 15px 0 0;
  color: var(--muted);
  font-size: 17px;
}

.page-title-meta {
  margin-top: 19px;
  display: flex;
  flex-wrap: wrap;
  gap: 10px 22px;
  color: var(--muted);
  font-size: 12px;
}

.grid-2 {
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  gap: 24px;
}

.grid-3 {
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  gap: 22px;
}

.grid-4 {
  display: grid;
  grid-template-columns: repeat(4, minmax(0, 1fr));
  gap: 18px;
}

.card,
.chart-card,
.stat-card,
.asset-card,
.research-card {
  border: 1px solid var(--line);
  background: var(--surface);
}

.card {
  padding: 28px;
}

.card-accent {
  border-top: 4px solid var(--accent);
}

.card h3,
.chart-card h3,
.research-card h3 {
  margin: 0;
  color: var(--navy);
  font-size: 18px;
  font-weight: 600;
  line-height: 1.4;
}

.card p,
.research-card p {
  margin: 10px 0 0;
  color: var(--muted);
}

.stat-card {
  min-height: 134px;
  padding: 22px 24px;
}

.stat-card .label {
  color: var(--muted);
  font-size: 12px;
}

.stat-card .value {
  margin-top: 6px;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 28px;
  line-height: 1.2;
}

.stat-card .sub {
  margin-top: 8px;
  color: var(--muted);
  font-size: 11px;
}

.metric-positive {
  color: var(--positive) !important;
}

.metric-negative {
  color: var(--negative) !important;
}

.metric-watch {
  color: var(--watch) !important;
}

.chart-card {
  min-height: 370px;
  padding: 24px 24px 17px;
}

.chart-card.compact {
  min-height: 310px;
}

.chart-head {
  min-height: 54px;
  display: flex;
  align-items: flex-start;
  justify-content: space-between;
  gap: 18px;
}

.chart-head p {
  margin: 5px 0 0;
  color: var(--muted);
  font-size: 12px;
}

.chart-legend {
  display: flex;
  flex-wrap: wrap;
  justify-content: flex-end;
  gap: 8px 14px;
  color: var(--muted);
  font-size: 11px;
}

.legend-dot {
  width: 7px;
  height: 7px;
  margin-right: 5px;
  display: inline-block;
  border-radius: 50%;
}

.chart {
  min-height: 265px;
  margin-top: 8px;
  position: relative;
}

.chart svg {
  width: 100%;
  height: auto;
  display: block;
  overflow: visible;
}

.chart-empty {
  min-height: 240px;
  display: grid;
  place-items: center;
  color: var(--muted);
  font-size: 13px;
  text-align: center;
}

.chart-tooltip {
  position: absolute;
  z-index: 8;
  min-width: 210px;
  max-width: min(330px, calc(100% - 16px));
  padding: 11px 12px;
  border: 1px solid rgba(27, 48, 68, 0.2);
  background: rgba(255, 255, 255, 0.97);
  box-shadow: 0 10px 28px rgba(27, 48, 68, 0.16);
  color: var(--navy);
  font-size: 11px;
  line-height: 1.4;
  pointer-events: none;
}

.chart-tooltip[hidden] {
  display: none;
}

.chart-tooltip-date {
  margin-bottom: 7px;
  padding-bottom: 6px;
  border-bottom: 1px solid var(--line);
  font-size: 12px;
  font-weight: 700;
}

.chart-tooltip-row {
  display: grid;
  grid-template-columns: 8px minmax(0, 1fr) auto;
  align-items: center;
  gap: 5px 8px;
}

.chart-tooltip-row + .chart-tooltip-row {
  margin-top: 5px;
}

.chart-tooltip-swatch {
  width: 8px;
  height: 8px;
  display: inline-block;
  border-radius: 50%;
}

.chart-tooltip-name {
  min-width: 0;
  color: var(--muted);
}

.chart-tooltip-row strong {
  white-space: nowrap;
  font-variant-numeric: tabular-nums;
}

.chart-tooltip-row small {
  grid-column: 2 / -1;
  color: var(--muted);
  font-size: 10px;
}

.chart-note {
  padding-top: 11px;
  border-top: 1px solid var(--line);
  color: var(--muted);
  font-size: 11px;
}

.sector-metric-explorer {
  padding: 20px;
  border: 1px solid var(--line);
  background: #f8f6f2;
}

.sector-metric-selector {
  display: flex;
  flex-wrap: wrap;
  align-items: center;
  gap: 9px;
}

.sector-metric-selector-label {
  margin-right: 4px;
  color: var(--navy);
  font-size: 12px;
  font-weight: 700;
}

.sector-metric-button {
  min-height: 34px;
  padding: 7px 13px;
  border: 1px solid #cbc5bc;
  border-radius: 999px;
  color: var(--navy);
  background: #fff;
  font: inherit;
  font-size: 12px;
  line-height: 1.2;
  cursor: pointer;
  transition: border-color 140ms ease, color 140ms ease, background 140ms ease;
}

.sector-metric-button:hover {
  border-color: var(--accent);
  color: var(--accent);
}

.sector-metric-button.active,
.sector-metric-button[aria-pressed="true"] {
  border-color: var(--navy);
  color: #fff;
  background: var(--navy);
}

.sector-metric-button:focus-visible {
  outline: 3px solid rgba(217, 72, 28, 0.28);
  outline-offset: 2px;
}

.sector-metric-mode {
  margin: 12px 0 18px;
  color: var(--muted);
  font-size: 12px;
}

.sector-metric-chart-grid .chart-card {
  height: 100%;
  background: var(--surface);
}

.operating-history-section {
  border-top: 1px solid var(--line);
}

.operating-kpi-grid {
  margin-bottom: 24px;
  display: grid;
  grid-template-columns: repeat(auto-fit, minmax(230px, 1fr));
  gap: 16px;
}

.period-snapshot-block {
  margin: 2px 0 26px;
  padding: 19px 20px 4px;
  border-left: 3px solid var(--orange);
  background: color-mix(in srgb, var(--orange) 5%, var(--surface));
}

.period-snapshot-heading {
  margin-bottom: 15px;
  display: flex;
  align-items: baseline;
  justify-content: space-between;
  gap: 18px;
}

.period-snapshot-heading strong {
  color: var(--navy);
  font-size: 14px;
}

.period-snapshot-heading span {
  color: var(--muted);
  font-size: 11px;
}

.period-snapshot-card {
  border-top-color: var(--red);
}

.period-snapshot-group-card {
  grid-column: span 2;
  min-height: 0;
}

.snapshot-asset-list {
  margin-top: 15px;
  border-top: 1px solid var(--line);
}

.snapshot-asset-row {
  display: flex;
  align-items: baseline;
  justify-content: space-between;
  gap: 18px;
  padding: 9px 0;
  border-bottom: 1px solid var(--line);
  color: var(--ink);
  font-size: 12px;
}

.snapshot-asset-row strong {
  flex: 0 0 auto;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 16px;
}

.snapshot-asset-row small {
  margin-left: 5px;
  color: var(--muted);
  font-family: var(--sans);
  font-size: 10px;
  font-weight: 400;
}

.period-snapshot-kicker {
  margin-bottom: 7px;
  color: var(--red);
  font-size: 10px;
  font-weight: 700;
  letter-spacing: 0.12em;
}

.operating-kpi-card {
  min-height: 154px;
  padding: 20px 21px;
  border: 1px solid var(--line);
  border-top: 3px solid var(--orange);
  background: var(--surface);
}

.operating-kpi-card .label {
  color: var(--muted);
  font-size: 12px;
}

.operating-kpi-card .value {
  margin-top: 7px;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 27px;
  line-height: 1.15;
}

.operating-kpi-card .value small {
  margin-left: 6px;
  color: var(--muted);
  font-family: inherit;
  font-size: 12px;
}

.operating-kpi-card .meta {
  margin-top: 9px;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.5;
}

.operating-kpi-card p {
  margin: 8px 0 0;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.55;
}

.operating-chart-grid {
  margin-top: 20px;
}

.valuation-breakdown {
  margin-top: 30px;
  padding-top: 24px;
  border-top: 1px solid var(--line);
}

.subsection-head {
  display: flex;
  align-items: baseline;
  justify-content: space-between;
  gap: 18px;
  margin-bottom: 16px;
}

.subsection-head h3,
.valuation-breakdown h4 {
  margin: 0;
  color: var(--ink);
}

.subsection-head p {
  margin: 0;
  color: var(--muted);
  font-size: 13px;
}

.valuation-breakdown h4 {
  margin-top: 20px;
  margin-bottom: 10px;
  font-size: 15px;
}

.valuation-assumption-grid,
.valuation-sensitivity-grid {
  display: grid;
  grid-template-columns: repeat(auto-fit, minmax(220px, 1fr));
  gap: 12px;
}

.valuation-assumption-card,
.valuation-sensitivity-card {
  padding: 15px 16px;
  border: 1px solid var(--line);
  background: var(--paper);
}

.valuation-assumption-card span,
.valuation-assumption-card small,
.valuation-sensitivity-card small {
  display: block;
  color: var(--muted);
  font-size: 11px;
}

.valuation-assumption-card strong,
.valuation-sensitivity-card > span {
  display: block;
  margin-top: 5px;
  color: var(--ink);
  font-family: var(--serif);
  font-size: 22px;
}

.valuation-assumption-card p,
.valuation-sensitivity-card p {
  margin: 5px 0;
  color: var(--muted);
  font-size: 12px;
}

.operating-detail-table {
  margin-top: 20px;
  border: 1px solid var(--line);
  background: var(--paper);
}

.operating-detail-table summary {
  padding: 15px 18px;
  cursor: pointer;
  color: var(--ink);
  font-weight: 700;
}

.operating-detail-table > p {
  margin: 0;
  padding: 0 18px 14px;
  color: var(--muted);
  font-size: 12px;
}

.operating-detail-table .table-wrap {
  margin: 0;
  border-width: 1px 0 0;
}

.compact-table th,
.compact-table td {
  padding: 10px 12px;
  font-size: 12px;
}

.period-boundary-note {
  display: block;
  margin-top: 4px;
  max-width: 340px;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.45;
}

.negative-value {
  color: var(--negative, #b33b2e) !important;
  font-weight: 700;
}

.thermometer-section {
  position: relative;
}

.thermometer-guard {
  margin-bottom: 22px;
  border-left-color: var(--accent);
}

.thermometer-grid {
  align-items: stretch;
}

.thermometer-card {
  min-height: 430px;
  border-top: 3px solid var(--accent);
}

.thermometer-card.compact {
  min-height: 405px;
  padding: 21px 21px 15px;
}

.thermometer-single .thermometer-card {
  width: 100%;
}

.thermometer-current {
  min-width: 126px;
  display: flex;
  align-items: flex-end;
  flex-direction: column;
  gap: 2px;
  text-align: right;
}

.thermometer-current strong {
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 24px;
  font-weight: 500;
  line-height: 1.2;
}

.thermometer-current small {
  color: var(--muted);
  font-size: 10px;
  white-space: nowrap;
}

.temperature-badge {
  min-height: 24px;
  padding: 2px 9px;
  display: inline-flex;
  align-items: center;
  border: 1px solid var(--line);
  border-radius: 999px;
  font-size: 11px;
  font-weight: 700;
  letter-spacing: 0.04em;
}

.state-low {
  border-color: rgba(35, 117, 90, 0.28);
  color: var(--positive) !important;
  background: #f1faf6;
}

.state-neutral {
  border-color: rgba(154, 106, 23, 0.28);
  color: var(--watch) !important;
  background: #fff9e9;
}

.state-high {
  border-color: rgba(179, 59, 46, 0.28);
  color: var(--negative) !important;
  background: #fff3f1;
}

.state-pending,
.state-mixed {
  border-color: rgba(73, 107, 130, 0.28);
  color: #496b82 !important;
  background: #f2f7fa;
}

.temperature-text {
  line-height: 1.35;
}

.thermometer-metrics {
  margin: 2px 0 13px;
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}

.thermometer-metrics span {
  padding: 9px 10px;
  color: var(--muted);
  font-size: 9px;
  text-align: center;
}

.thermometer-metrics span + span {
  border-left: 1px solid var(--line);
}

.thermometer-metrics b {
  display: block;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 15px;
  font-weight: 500;
}

.thermometer-empty {
  min-height: 405px;
}

.thermometer-empty-body {
  min-height: 270px;
  padding: 30px;
  display: grid;
  place-items: center;
  align-content: center;
  text-align: center;
  background:
    linear-gradient(135deg, rgba(217, 72, 28, 0.035), rgba(245, 158, 11, 0.07));
}

.thermometer-empty-body strong {
  color: var(--line-strong);
  font-family: "Georgia", serif;
  font-size: 62px;
  font-weight: 400;
}

.thermometer-empty-body p {
  max-width: 360px;
  margin: 5px 0 0;
  color: var(--muted);
  font-size: 12px;
}

.sector-grid {
  display: grid;
  grid-template-columns: repeat(4, minmax(0, 1fr));
  border-top: 1px solid var(--line-strong);
  border-left: 1px solid var(--line-strong);
}

.sector-card {
  min-height: 220px;
  padding: 24px;
  border-right: 1px solid var(--line-strong);
  border-bottom: 1px solid var(--line-strong);
  background: #fff;
  transition: background 0.2s ease, transform 0.2s ease;
}

.sector-card:hover {
  position: relative;
  z-index: 2;
  background: var(--surface-warm);
  transform: translateY(-2px);
  box-shadow: var(--shadow);
}

.sector-card .sector-index {
  color: var(--accent);
  font-family: "Georgia", serif;
  font-size: 13px;
}

.sector-card h3 {
  margin: 28px 0 5px;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 25px;
  font-weight: 500;
}

.sector-card p {
  margin: 0;
  color: var(--muted);
  font-size: 12px;
}

.sector-card .sector-stats {
  margin-top: 22px;
  display: flex;
  gap: 24px;
}

.sector-card .sector-stats strong {
  display: block;
  color: var(--navy);
  font-size: 18px;
}

.sector-card .sector-stats span {
  color: var(--muted);
  font-size: 10px;
}

.insight-band {
  position: relative;
  overflow: hidden;
  padding: 38px 42px;
  color: #fff;
  background: var(--navy);
}

.insight-band::after {
  content: "";
  position: absolute;
  top: -80px;
  right: -40px;
  width: 260px;
  height: 260px;
  border: 50px solid rgba(239, 108, 35, 0.26);
  transform: rotate(25deg);
}

.insight-band h2 {
  position: relative;
  z-index: 1;
  max-width: 980px;
  margin: 0;
  font-family: "Georgia", "Songti SC", serif;
  font-size: clamp(26px, 3.2vw, 42px);
  font-weight: 500;
  line-height: 1.35;
}

.insight-band p {
  position: relative;
  z-index: 1;
  max-width: 950px;
  margin: 16px 0 0;
  color: rgba(255, 255, 255, 0.72);
}

.research-card {
  position: relative;
  min-height: 228px;
  padding: 28px;
}

.research-card::before {
  content: "";
  position: absolute;
  top: 0;
  right: 0;
  left: 0;
  height: 4px;
  background: linear-gradient(90deg, var(--accent), var(--orange));
}

.research-card .research-value {
  margin-top: 22px;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 30px;
  line-height: 1;
}

.research-card .research-meta {
  margin-top: 10px;
  color: var(--muted);
  font-size: 11px;
}

.badge-row {
  display: flex;
  flex-wrap: wrap;
  gap: 7px;
}

.badge {
  display: inline-flex;
  align-items: center;
  min-height: 25px;
  padding: 3px 9px;
  border: 1px solid var(--line);
  border-radius: 999px;
  color: var(--muted);
  background: #fff;
  font-size: 11px;
}

.badge.accent {
  border-color: rgba(217, 72, 28, 0.35);
  color: var(--accent);
  background: #fff5ef;
}

.badge.positive {
  border-color: rgba(35, 117, 90, 0.3);
  color: var(--positive);
  background: #f1faf6;
}

.badge.negative {
  border-color: rgba(179, 59, 46, 0.3);
  color: var(--negative);
  background: #fff3f1;
}

.badge.watch {
  border-color: rgba(154, 106, 23, 0.3);
  color: var(--watch);
  background: #fff9e9;
}

.fund-hero {
  padding: 38px 42px 34px;
  border-top: 5px solid var(--accent);
  color: #fff;
  background: var(--navy);
}

.fund-hero h1 {
  margin-top: 10px;
  font-size: clamp(32px, 4vw, 50px);
}

.fund-hero .fund-code {
  margin-top: 10px;
  color: rgba(255, 255, 255, 0.62);
  font-size: 13px;
  letter-spacing: 0.08em;
}

.fund-meta {
  margin-top: 24px;
  display: grid;
  grid-template-columns: repeat(4, minmax(0, 1fr));
  gap: 20px;
}

.fund-meta div {
  padding-top: 12px;
  border-top: 1px solid rgba(255, 255, 255, 0.18);
}

.fund-meta span {
  display: block;
  color: rgba(255, 255, 255, 0.55);
  font-size: 10px;
}

.fund-meta strong {
  display: block;
  margin-top: 4px;
  font-size: 13px;
  font-weight: 500;
}

.fund-decision-card {
  position: relative;
  scroll-margin-top: 92px;
  margin-top: 24px;
  padding: 34px 38px 0;
  overflow: hidden;
  border: 1px solid var(--line);
  background: var(--surface);
  box-shadow: 0 12px 34px rgba(20, 38, 54, 0.07);
}

.decision-card-topline {
  position: absolute;
  top: 0;
  right: 0;
  left: 0;
  height: 4px;
  background: linear-gradient(90deg, var(--accent), var(--accent-2) 56%, var(--orange));
}

.decision-card-head {
  display: flex;
  align-items: flex-start;
  justify-content: space-between;
  gap: 28px;
}

.decision-card-head .eyebrow {
  color: var(--accent);
  font-size: 10px;
  font-weight: 700;
  letter-spacing: 0.18em;
}

.decision-card-head h2 {
  margin: 3px 0 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 29px;
  font-weight: 500;
}

.decision-confidence {
  min-width: 112px;
  padding: 10px 14px;
  border-left: 3px solid var(--watch);
  background: #fbf8f1;
  text-align: right;
}

.decision-confidence span {
  display: block;
  color: var(--muted);
  font-size: 9px;
  letter-spacing: 0.08em;
}

.decision-confidence strong {
  display: block;
  margin-top: 1px;
  color: var(--watch);
  font-size: 14px;
}

.decision-confidence.positive {
  border-left-color: var(--positive);
  background: #f2f8f5;
}

.decision-confidence.positive strong {
  color: var(--positive);
}

.decision-confidence.negative {
  border-left-color: var(--negative);
  background: #fff4f2;
}

.decision-confidence.negative strong {
  color: var(--negative);
}

.decision-thesis {
  max-width: 1160px;
  margin: 24px 0 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: clamp(20px, 2.1vw, 27px);
  line-height: 1.58;
}

.decision-period {
  margin-top: 14px;
  color: var(--muted);
  font-size: 11px;
  letter-spacing: 0.03em;
}

.decision-summary-grid {
  margin: 30px -38px 0;
  display: grid;
  grid-template-columns: repeat(4, minmax(0, 1fr));
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  background: #fbfaf8;
}

.decision-summary-tile {
  min-width: 0;
  padding: 22px 24px 20px;
  border-right: 1px solid var(--line);
}

.decision-summary-tile:last-child {
  border-right: 0;
}

.decision-summary-label {
  color: var(--accent);
  font-size: 10px;
  font-weight: 700;
  letter-spacing: 0.08em;
}

.decision-summary-tile strong {
  display: block;
  margin-top: 8px;
  color: var(--navy);
  font-size: 15px;
  font-weight: 650;
  line-height: 1.55;
  overflow-wrap: anywhere;
}

.decision-summary-tile p {
  margin: 7px 0 0;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.55;
}

.decision-cash-note {
  margin: 17px 0 0;
  padding: 10px 13px;
  border-left: 3px solid var(--orange);
  color: #76531a;
  background: #fff9ec;
  font-size: 11px;
}

.decision-evidence-grid {
  margin-top: 24px;
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  gap: 16px;
}

.decision-lane {
  min-width: 0;
  padding: 20px 22px;
  border: 1px solid var(--line);
  border-top: 3px solid var(--line-strong);
  background: #fff;
}

.decision-lane.positive-lane {
  border-top-color: var(--positive);
}

.decision-lane.risk-lane {
  border-top-color: var(--negative);
}

.decision-lane.action-lane {
  border-top-color: var(--orange);
  background: #fffdf8;
}

.decision-lane h3,
.decision-next-checks h3 {
  margin: 0;
  color: var(--navy);
  font-size: 14px;
}

.decision-evidence-list {
  margin: 14px 0 0;
  padding: 0;
  list-style: none;
}

.decision-evidence-list li {
  padding: 11px 0;
  border-top: 1px solid #eeeae4;
}

.decision-evidence-list li:first-child {
  padding-top: 0;
  border-top: 0;
}

.decision-evidence-list p,
.decision-empty {
  margin: 0;
  color: #3f4a54;
  font-size: 12px;
  line-height: 1.65;
}

.decision-empty {
  margin-top: 14px;
  color: var(--muted);
}

.decision-citations {
  margin-top: 6px;
  display: flex;
  flex-wrap: wrap;
  gap: 10px;
}

.decision-citations a {
  color: var(--accent);
  font-size: 10px;
  text-decoration: underline;
  text-decoration-color: rgba(217, 72, 28, 0.35);
  text-underline-offset: 3px;
}

.decision-next-checks {
  margin: 24px -38px 0;
  padding: 24px 38px;
  display: grid;
  grid-template-columns: 180px 1fr;
  gap: 28px;
  color: #fff;
  background: var(--navy);
}

.decision-next-checks > div > span {
  color: #f4a06e;
  font-size: 9px;
  font-weight: 700;
  letter-spacing: 0.16em;
}

.decision-next-checks h3 {
  margin-top: 4px;
  color: #fff;
  font-family: "Georgia", "Songti SC", serif;
  font-size: 20px;
  font-weight: 500;
}

.decision-next-checks ol {
  margin: 0;
  padding: 0;
  list-style: none;
}

.decision-next-checks li {
  padding: 9px 0;
  display: grid;
  grid-template-columns: 30px 1fr;
  gap: 12px;
  border-top: 1px solid rgba(255, 255, 255, 0.16);
}

.decision-next-checks li:first-child {
  padding-top: 0;
  border-top: 0;
}

.decision-next-checks li span {
  color: #f4a06e;
  font-family: "Georgia", serif;
  font-size: 17px;
}

.decision-next-checks li p {
  margin: 0;
  color: rgba(255, 255, 255, 0.88);
  font-size: 12px;
}

.decision-guard {
  margin: 0 -38px;
  padding: 11px 38px 13px;
  color: rgba(255, 255, 255, 0.55);
  background: var(--navy);
  font-size: 10px;
}

.asset-grid {
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  gap: 18px;
}

.asset-card {
  min-height: 180px;
  padding: 22px;
}

.asset-card h3 {
  margin: 0;
  color: var(--navy);
  font-size: 17px;
}

.asset-card dl {
  margin: 16px 0 0;
  display: grid;
  grid-template-columns: 72px 1fr;
  gap: 7px 12px;
  font-size: 12px;
}

.asset-card dt {
  color: var(--muted);
}

.asset-card dd {
  margin: 0;
  color: var(--ink);
}

.judgement {
  padding: 28px 32px;
  display: grid;
  grid-template-columns: 110px 1fr;
  gap: 24px;
  border-left: 5px solid var(--accent);
  background: #fff;
}

.judgement-label {
  color: var(--accent);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 24px;
  line-height: 1.2;
}

.judgement p {
  margin: 0;
  color: var(--muted);
}

.metric-grid {
  display: grid;
  grid-template-columns: repeat(4, minmax(0, 1fr));
  gap: 14px;
}

.metric-tile {
  min-height: 134px;
  padding: 19px 20px;
  border: 1px solid var(--line);
  background: #fff;
}

.metric-tile .metric-label {
  color: var(--muted);
  font-size: 11px;
}

.metric-tile .metric-value {
  margin-top: 9px;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 24px;
}

.metric-progress {
  height: 5px;
  margin-top: 13px;
  overflow: hidden;
  background: #eee9e2;
}

.metric-progress span {
  display: block;
  height: 100%;
  background: linear-gradient(90deg, var(--accent), var(--orange));
}

.metric-tile .metric-change {
  margin-top: 8px;
  font-size: 11px;
}

.timeline {
  position: relative;
  margin: 0;
  padding: 0;
  list-style: none;
}

.timeline::before {
  content: "";
  position: absolute;
  top: 4px;
  bottom: 8px;
  left: 89px;
  width: 1px;
  background: var(--line-strong);
}

.timeline li {
  position: relative;
  min-height: 82px;
  padding: 0 0 26px 122px;
}

.timeline li::before {
  content: "";
  position: absolute;
  top: 5px;
  left: 84px;
  width: 9px;
  height: 9px;
  border: 2px solid #fff;
  border-radius: 50%;
  background: var(--accent);
  box-shadow: 0 0 0 1px var(--accent);
}

.timeline time {
  position: absolute;
  top: 0;
  left: 0;
  color: var(--muted);
  font-size: 11px;
}

.timeline strong {
  color: var(--navy);
  font-size: 14px;
}

.timeline p {
  margin: 4px 0 0;
  color: var(--muted);
  font-size: 12px;
}

.toolbar {
  margin: 26px 0 18px;
  padding: 16px;
  display: grid;
  grid-template-columns: minmax(220px, 1.6fr) repeat(3, minmax(130px, 0.7fr));
  gap: 10px;
  border: 1px solid var(--line);
  background: #fff;
}

.toolbar input,
.toolbar select {
  width: 100%;
  min-height: 42px;
  border: 1px solid var(--line-strong);
  border-radius: 0;
  padding: 8px 11px;
  color: var(--ink);
  background: #fff;
  outline: none;
}

.toolbar input:focus,
.toolbar select:focus {
  border-color: var(--accent);
  box-shadow: 0 0 0 2px rgba(217, 72, 28, 0.12);
}

.table-wrap {
  overflow-x: auto;
  border: 1px solid var(--line);
  background: #fff;
}

.data-table {
  width: 100%;
  border-collapse: collapse;
  font-size: 12px;
}

.valuation-table-wrap .data-table {
  min-width: 1180px;
}

.valuation-table-wrap td:nth-child(1) {
  min-width: 160px;
}

.valuation-table-wrap td:nth-child(7) {
  min-width: 210px;
}

.data-table th {
  padding: 12px 13px;
  border-bottom: 1px solid var(--line-strong);
  color: var(--muted);
  background: #f4f1ed;
  font-weight: 600;
  text-align: left;
  white-space: nowrap;
}

.data-table td {
  padding: 13px;
  border-bottom: 1px solid var(--line);
  vertical-align: top;
}

.data-table tbody tr:hover {
  background: #fffaf6;
}

.data-table tbody tr:last-child td {
  border-bottom: 0;
}

.data-table .name-cell strong {
  display: block;
  color: var(--navy);
  font-size: 13px;
}

.data-table .name-cell span {
  display: block;
  margin-top: 2px;
  color: var(--muted);
  font-size: 10px;
}

.data-table .table-note {
  display: inline-block;
  margin-top: 4px;
  color: var(--muted);
  font-size: 10px;
  line-height: 1.35;
}

.number {
  font-variant-numeric: tabular-nums;
  white-space: nowrap;
}

.empty-row {
  padding: 40px !important;
  color: var(--muted);
  text-align: center;
}

.subnav-tabs {
  margin: 22px 0 0;
  display: flex;
  gap: 26px;
  border-bottom: 1px solid var(--line-strong);
}

.subnav-tabs a {
  position: relative;
  padding: 12px 1px 10px;
  color: var(--muted);
  font-size: 13px;
  font-weight: 600;
}

.subnav-tabs a:hover,
.subnav-tabs a.active {
  color: var(--navy);
}

.subnav-tabs a.active::after {
  content: "";
  position: absolute;
  right: 0;
  bottom: -1px;
  left: 0;
  height: 3px;
  background: linear-gradient(90deg, var(--accent), var(--orange));
}

.matrix-method-guard {
  margin: 18px 0 0;
  padding-left: 14px;
  border-left: 3px solid var(--accent-2);
  color: var(--muted);
  font-size: 12px;
}

.matrix-toolbar {
  margin: 26px 0 18px;
  padding: 16px;
  display: grid;
  grid-template-columns: repeat(5, minmax(150px, 1fr));
  gap: 10px;
  border: 1px solid var(--line);
  background: #fff;
}

.matrix-toolbar input,
.matrix-toolbar select,
.matrix-toolbar button {
  width: 100%;
  min-height: 42px;
}

.matrix-toolbar input,
.matrix-toolbar select {
  border: 1px solid var(--line-strong);
  border-radius: 0;
  padding: 8px 11px;
  color: var(--ink);
  background: #fff;
  outline: none;
}

.matrix-toolbar input:focus,
.matrix-toolbar select:focus,
.matrix-toolbar button:focus-visible,
.matrix-expand:focus-visible,
.matrix-select input:focus-visible + span,
.matrix-table-wrap:focus-visible {
  border-color: var(--accent);
  outline: 2px solid rgba(217, 72, 28, 0.24);
  outline-offset: 1px;
}

.matrix-toolbar input[data-matrix-filter="search"] {
  grid-column: span 2;
}

.matrix-toolbar-status {
  min-height: 42px;
  padding: 7px 11px;
  display: flex;
  flex-direction: column;
  justify-content: center;
  border: 1px solid var(--line);
  color: var(--muted);
  font-size: 11px;
  line-height: 1.35;
}

.matrix-toolbar-status strong {
  color: var(--navy);
  font-size: 13px;
}

.matrix-table-wrap {
  max-width: 100%;
}

.decision-matrix-table {
  min-width: 1540px;
}

.decision-matrix-table th:nth-child(1) {
  min-width: 220px;
}

.decision-matrix-table th:nth-child(2),
.decision-matrix-table th:nth-child(3),
.decision-matrix-table th:nth-child(4),
.decision-matrix-table th:nth-child(5),
.decision-matrix-table th:nth-child(9) {
  min-width: 155px;
}

.decision-matrix-table th:nth-child(6),
.decision-matrix-table th:nth-child(7),
.decision-matrix-table th:nth-child(8),
.decision-matrix-table th:nth-child(10) {
  min-width: 118px;
}

.decision-matrix-table .table-note {
  display: block;
}

.matrix-fund-cell {
  position: relative;
  padding-left: 45px !important;
}

.matrix-select {
  position: absolute;
  top: 15px;
  left: 14px;
  width: 20px;
  height: 20px;
}

.matrix-select input {
  position: absolute;
  width: 1px;
  height: 1px;
  opacity: 0;
}

.matrix-select span {
  display: block;
  width: 18px;
  height: 18px;
  border: 1px solid var(--line-strong);
  background: #fff;
}

.matrix-select input:checked + span {
  border-color: var(--accent);
  background:
    linear-gradient(135deg, transparent 43%, #fff 43% 52%, transparent 52%) center / 12px 12px no-repeat,
    var(--accent);
}

.matrix-expand {
  margin-top: 7px;
  padding: 0;
  border: 0;
  color: var(--accent);
  background: transparent;
  font-size: 10px;
  cursor: pointer;
}

.matrix-state {
  display: inline-block;
  padding: 2px 7px;
  border: 1px solid #d9c8ba;
  color: var(--navy);
  background: #fff8f2;
  font-size: 10px;
  white-space: nowrap;
}

.matrix-unavailable {
  color: var(--muted);
  font-size: 11px;
  line-height: 1.45;
}

.matrix-detail-row td {
  padding: 0 !important;
  background: #fbfaf8;
}

.matrix-detail-grid {
  margin: 0;
  padding: 18px 22px 20px 45px;
  display: grid;
  grid-template-columns: repeat(4, minmax(0, 1fr));
  gap: 16px 22px;
  border-left: 3px solid var(--accent-2);
}

.matrix-detail-grid div {
  min-width: 0;
}

.matrix-detail-grid dt {
  margin-bottom: 4px;
  color: var(--muted);
  font-size: 10px;
  letter-spacing: 0.04em;
}

.matrix-detail-grid dd {
  margin: 0;
  color: var(--navy);
  font-size: 12px;
  line-height: 1.55;
}

.matrix-detail-grid dd span {
  color: var(--muted);
  font-size: 10px;
}

.matrix-compare-panel {
  margin-top: 34px;
  padding-top: 4px;
  scroll-margin-top: 92px;
}

.matrix-compare-wrap {
  overflow-x: auto;
  border: 1px solid var(--line);
  background: #fff;
}

.matrix-compare-table {
  width: 100%;
  min-width: 720px;
  border-collapse: collapse;
  font-size: 12px;
}

.matrix-compare-table th,
.matrix-compare-table td {
  padding: 12px 14px;
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  vertical-align: top;
  text-align: left;
}

.matrix-compare-table th:first-child,
.matrix-compare-table td:first-child {
  width: 150px;
  color: var(--muted);
  background: #f4f1ed;
}

.matrix-compare-table tr:last-child th,
.matrix-compare-table tr:last-child td {
  border-bottom: 0;
}

.matrix-compare-table th:last-child,
.matrix-compare-table td:last-child {
  border-right: 0;
}

.report-list {
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  gap: 10px;
}

.report-item {
  min-height: 86px;
  padding: 15px 17px;
  border: 1px solid var(--line);
  background: #fff;
}

.report-item:hover {
  border-color: var(--accent);
}

.report-item strong {
  display: block;
  color: var(--navy);
  font-size: 12px;
  line-height: 1.5;
}

.report-item span {
  display: block;
  margin-top: 5px;
  color: var(--muted);
  font-size: 10px;
}

.callout {
  padding: 22px 24px;
  border-left: 4px solid var(--orange);
  color: var(--muted);
  background: var(--surface-warm);
  font-size: 13px;
}

.callout strong {
  color: var(--navy);
}

.method-grid {
  display: grid;
  grid-template-columns: 260px 1fr;
  gap: 48px;
}

.method-index {
  position: sticky;
  top: 104px;
  align-self: start;
  padding: 22px;
  border-top: 4px solid var(--accent);
  background: #fff;
}

.method-index a {
  padding: 7px 0;
  display: block;
  border-bottom: 1px solid var(--line);
  color: var(--muted);
  font-size: 12px;
}

.method-content section {
  margin-bottom: 48px;
}

.method-content h2 {
  margin: 0 0 14px;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 30px;
  font-weight: 500;
}

.method-content h3 {
  margin: 24px 0 9px;
  color: var(--navy);
  font-size: 16px;
}

.method-content p,
.method-content li {
  color: var(--muted);
}

.method-content li {
  margin-bottom: 8px;
}

.site-footer {
  color: rgba(255, 255, 255, 0.68);
  background: var(--navy);
}

.footer-inner {
  width: min(var(--content), calc(100% - 48px));
  margin: 0 auto;
  padding: 36px 0;
  display: flex;
  align-items: flex-start;
  justify-content: space-between;
  gap: 30px;
  font-size: 11px;
}

.footer-inner strong {
  display: block;
  margin-bottom: 5px;
  color: #fff;
  font-size: 13px;
}

.footer-right {
  max-width: 680px;
  text-align: right;
}

.no-print {
  display: initial;
}

.issuance-toolbar {
  grid-template-columns: minmax(240px, 1.5fr) repeat(3, minmax(140px, 0.7fr)) auto;
}

.grid-1 {
  display: grid;
  grid-template-columns: minmax(0, 1fr);
  gap: 20px;
}

.issuance-supply-overview {
  position: relative;
}

.supply-kpi-strip {
  margin-top: 20px;
  border-top: 4px solid var(--accent);
  box-shadow: 0 12px 34px rgba(13, 31, 47, 0.06);
}

.supply-kpi-strip > div {
  min-height: 126px;
}

.supply-conclusion {
  margin: 18px 0 22px;
  border-left-color: var(--orange);
  background: linear-gradient(90deg, rgba(221, 66, 31, 0.08), rgba(238, 132, 26, 0.035));
}

.section-source {
  margin: 12px 0 0;
  color: var(--muted-2);
  font-size: 10px;
  line-height: 1.7;
}

.issuance-supply-note {
  margin: 12px 0 0;
  padding: 10px 12px;
  border-left: 3px solid var(--orange);
  color: var(--muted);
  background: var(--surface-warm);
  font-size: 11px;
  line-height: 1.55;
}

.issuance-change-kpis {
  margin-bottom: 18px;
}

.issuance-change-grid {
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  gap: 16px;
}

.issuance-change-card {
  padding: 22px 24px;
  border: 1px solid var(--line);
  border-top: 3px solid var(--accent);
  background: #fff;
}

.issuance-change-card h3 {
  margin: 14px 0 8px;
  font-size: 19px;
  line-height: 1.45;
}

.issuance-change-card h3 a {
  color: var(--ink);
  text-decoration: none;
}

.issuance-change-card h3 a:hover {
  color: var(--accent-strong);
}

.issuance-change-card p {
  margin: 9px 0 0;
  color: var(--muted);
  line-height: 1.75;
}

.issuance-change-meta {
  display: flex;
  align-items: center;
  justify-content: space-between;
  gap: 12px;
}

.issuance-change-meta time,
.issuance-change-route {
  color: var(--muted);
  font-size: 13px;
}

@media (max-width: 760px) {
  .issuance-change-grid {
    grid-template-columns: 1fr;
  }

  .issuance-change-card {
    padding: 18px;
  }
}

.filter-count {
  min-width: 92px;
  min-height: 42px;
  padding: 9px 14px;
  display: grid;
  place-items: center;
  border-left: 3px solid var(--accent);
  color: var(--navy);
  background: var(--surface-warm);
  font-size: 12px;
  font-weight: 700;
  white-space: nowrap;
}

.issuance-grid {
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  gap: 24px;
}

.issuance-card {
  min-width: 0;
  display: flex;
  flex-direction: column;
  border: 1px solid var(--line);
  background: #fff;
  transition: transform 0.2s ease, box-shadow 0.2s ease;
}

.issuance-card:hover {
  transform: translateY(-3px);
  box-shadow: var(--shadow);
}

.issuance-card-image {
  position: relative;
  overflow: hidden;
  aspect-ratio: 16 / 9;
  display: block;
  background: var(--navy);
}

.issuance-card-image::after {
  content: "";
  position: absolute;
  right: 0;
  bottom: 0;
  width: 54px;
  height: 5px;
  background: linear-gradient(90deg, var(--accent), var(--orange));
}

.issuance-card-image img {
  width: 100%;
  height: 100%;
  display: block;
  object-fit: cover;
  transition: transform 0.35s ease;
}

.issuance-card:hover .issuance-card-image img {
  transform: scale(1.025);
}

.issuance-card-body {
  min-height: 100%;
  padding: 22px;
  display: flex;
  flex: 1;
  flex-direction: column;
}

.issuance-card h3 {
  margin: 16px 0 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 21px;
  font-weight: 500;
  line-height: 1.35;
}

.issuance-summary {
  min-height: 76px;
  margin: 10px 0 0;
  color: var(--muted);
  display: -webkit-box;
  overflow: hidden;
  font-size: 12px;
  -webkit-box-orient: vertical;
  -webkit-line-clamp: 4;
}

.issuance-value-row {
  margin-top: 18px;
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}

.issuance-value-row div {
  min-width: 0;
  padding: 13px 10px 13px 0;
}

.issuance-value-row div + div {
  padding-left: 13px;
  border-left: 1px solid var(--line);
}

.issuance-value-row span,
.issuance-rate span,
.issuance-kpi span,
.issuance-risk span {
  display: block;
  color: var(--muted);
  font-size: 10px;
}

.issuance-value-row strong {
  display: block;
  margin-top: 4px;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 19px;
  font-weight: 500;
}

.issuance-rate {
  padding: 14px 0;
  border-bottom: 1px solid var(--line);
}

.issuance-rate strong {
  margin-top: 4px;
  display: block;
  color: var(--accent);
  font-size: 13px;
}

.issuance-kpis {
  padding: 9px 0;
}

.issuance-kpi {
  padding: 6px 0;
  display: grid;
  grid-template-columns: minmax(0, 1fr) auto;
  align-items: end;
  gap: 12px;
}

.issuance-kpi span {
  overflow: hidden;
  text-overflow: ellipsis;
  white-space: nowrap;
}

.issuance-kpi strong {
  color: var(--navy);
  font-size: 12px;
  font-weight: 600;
  white-space: nowrap;
}

.issuance-risk {
  margin-top: auto;
  padding: 12px 14px;
  border-left: 3px solid var(--orange);
  background: var(--surface-warm);
}

.issuance-risk strong {
  display: block;
  margin-top: 3px;
  color: var(--navy);
  font-size: 12px;
}

.detail-link {
  margin-top: 17px;
  color: var(--accent);
  font-size: 12px;
  font-weight: 700;
}

.detail-link::after {
  content: "  →";
}

.empty-card {
  padding: 48px;
  border: 1px solid var(--line);
  color: var(--muted);
  background: #fff;
  text-align: center;
}

.method-notes {
  margin-bottom: 18px;
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  border-top: 1px solid var(--line-strong);
  border-left: 1px solid var(--line-strong);
}

.method-notes div {
  min-height: 145px;
  padding: 22px;
  border-right: 1px solid var(--line-strong);
  border-bottom: 1px solid var(--line-strong);
  background: #fff;
}

.method-notes strong {
  color: var(--navy);
  font-size: 13px;
}

.method-notes p {
  margin: 8px 0 0;
  color: var(--muted);
  font-size: 12px;
}

.callout ul {
  margin: 9px 0 0;
  padding-left: 18px;
}

.callout li + li {
  margin-top: 4px;
}

.v3-thesis-section {
  padding-top: 30px;
}

.v3-thesis-head {
  display: flex;
  justify-content: space-between;
  align-items: flex-end;
  gap: 24px;
  padding-bottom: 20px;
  border-bottom: 1px solid var(--line);
}

.v3-thesis-head h2 {
  margin: 2px 0 0;
  font-family: "Georgia", "Songti SC", serif;
  font-size: clamp(30px, 3vw, 44px);
  font-weight: 500;
}

.v3-thesis-grid {
  display: grid;
  grid-template-columns: repeat(6, minmax(0, 1fr));
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}

.v3-thesis-block {
  min-width: 0;
  padding: 22px 20px;
  grid-column: span 2;
  border-left: 1px solid var(--line);
  border-top: 1px solid var(--line);
  background: var(--paper);
}

.v3-thesis-block:nth-child(4),
.v3-thesis-block:nth-child(5) {
  grid-column: span 3;
  background: #fffaf6;
}

.v3-thesis-block span {
  color: var(--accent);
  font-size: 11px;
  letter-spacing: 0.08em;
}

.v3-thesis-block p {
  margin: 10px 0 0;
  line-height: 1.75;
}

.v3-boundary,
.section-footnote {
  margin: 14px 0 0;
  color: var(--muted);
  font-size: 12px;
  line-height: 1.65;
}

.risk-thread-grid {
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  gap: 16px;
}

.risk-thread-card {
  padding: 22px;
  border: 1px solid var(--line);
  background: var(--paper);
}

.risk-thread-card h3 {
  margin: 12px 0 8px;
  font-size: 17px;
}

.risk-thread-card p {
  margin: 0;
  color: var(--muted);
  line-height: 1.7;
}

.risk-thread-card small {
  display: block;
  margin-top: 14px;
  color: var(--muted);
}

.risk-scope {
  margin-left: 8px;
  color: var(--muted);
  font-size: 11px;
}

.v3-cash-grid {
  align-content: start;
}

.issuance-supply-card ul {
  margin: 16px 0 0;
  padding: 0;
  list-style: none;
}

.issuance-supply-card li {
  display: flex;
  justify-content: space-between;
  gap: 16px;
  padding: 9px 0;
  border-top: 1px solid var(--line);
  font-size: 12px;
}

.issuance-supply-card li span {
  flex: 0 0 auto;
  color: var(--muted);
}

.v3-framework-section .method-grid {
  grid-template-columns: repeat(3, minmax(0, 1fr));
}

.issuance-detail-hero {
  overflow: hidden;
  display: grid;
  grid-template-columns: minmax(0, 1.08fr) minmax(420px, 0.92fr);
  color: #fff;
  background: var(--navy);
  box-shadow: var(--shadow);
}

.issuance-detail-hero > div:first-child {
  min-width: 0;
  padding: 48px 46px 42px;
}

.issuance-detail-hero > div:first-child h1 {
  margin: 20px 0 0;
  font-family: "Georgia", "Songti SC", serif;
  font-size: clamp(32px, 3.4vw, 50px);
  font-weight: 500;
  line-height: 1.22;
}

.issuance-detail-hero .hero-lead {
  color: rgba(255, 255, 255, 0.78);
}

.issuance-detail-hero .button-secondary {
  margin-top: 20px;
  border-color: #fff;
  color: var(--navy);
  background: #fff;
  box-shadow: 0 8px 20px rgba(0, 0, 0, 0.16);
  transition: color 160ms ease, background-color 160ms ease, border-color 160ms ease, transform 160ms ease, box-shadow 160ms ease;
}

.issuance-detail-hero .button-secondary:hover {
  border-color: var(--accent-2);
  color: #8f2f12;
  background: var(--surface-warm);
  box-shadow: 0 10px 24px rgba(0, 0, 0, 0.22);
  transform: translateY(-1px);
}

.issuance-detail-hero .button-secondary:focus,
.issuance-detail-hero .button-secondary:focus-visible {
  outline: 3px solid var(--gold);
  outline-offset: 3px;
  box-shadow: 0 0 0 2px var(--navy), 0 8px 20px rgba(0, 0, 0, 0.2);
}

.issuance-detail-hero .button-secondary:active {
  transform: translateY(0);
}

.issuance-hero-image {
  min-width: 0;
  height: 520px;
  max-height: 520px;
  margin: 0;
  display: flex;
  flex-direction: column;
  overflow: hidden;
  background: #0d1b27;
}

.issuance-hero-image img {
  flex: 1 1 auto;
  width: 100%;
  height: 0;
  min-height: 0;
  object-fit: cover;
  object-position: center;
}

.issuance-hero-image--portrait img {
  object-fit: contain;
}

.issuance-hero-image figcaption {
  flex: 0 0 auto;
  padding: 10px 14px;
  color: rgba(255, 255, 255, 0.64);
  font-size: 10px;
}

.hotel-operating-table th small {
  display: block;
  margin-top: 3px;
  color: var(--muted);
  font-size: 10px;
  font-weight: 500;
}

.value-small {
  font-size: clamp(20px, 2vw, 30px) !important;
}

.issuance-detail-copy {
  min-width: 0;
  padding: 48px 46px 42px;
}

.issuance-detail-copy .eyebrow {
  margin-top: 28px;
  color: #ffb178;
}

.issuance-detail-copy h1 {
  margin: 0;
  font-family: "Georgia", "Songti SC", serif;
  font-size: clamp(34px, 4vw, 54px);
  font-weight: 500;
  line-height: 1.2;
}

.detail-headline {
  max-width: 760px;
  margin: 22px 0 0;
  color: rgba(255, 255, 255, 0.76);
  font-size: 16px;
  line-height: 1.75;
}

.detail-meta {
  margin-top: 28px;
  display: flex;
  flex-wrap: wrap;
  gap: 8px 20px;
  color: rgba(255, 255, 255, 0.55);
  font-size: 11px;
}

.issuance-detail-photo {
  min-width: 0;
  margin: 0;
  display: flex;
  flex-direction: column;
  background: #0d1b27;
}

.issuance-detail-photo img {
  width: 100%;
  min-height: 420px;
  height: 100%;
  display: block;
  flex: 1;
  object-fit: cover;
}

.issuance-detail-photo figcaption {
  padding: 10px 15px;
  color: rgba(255, 255, 255, 0.62);
  background: #0d1b27;
  font-size: 10px;
}

.issuance-detail-photo figcaption a {
  color: #ffb178;
}

.detail-kpi-strip {
  display: grid;
  grid-template-columns: repeat(4, minmax(0, 1fr));
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  border-left: 1px solid var(--line);
  background: #fff;
}

.detail-kpi-strip > div {
  min-height: 140px;
  padding: 24px;
  border-right: 1px solid var(--line);
}

.detail-kpi-strip > div:last-child {
  border-right: 0;
}

.detail-kpi-strip span,
.detail-kpi-strip small {
  display: block;
  color: var(--muted);
  font-size: 10px;
}

.detail-kpi-strip strong {
  margin: 9px 0 7px;
  display: block;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: clamp(22px, 2.4vw, 31px);
  font-weight: 500;
  line-height: 1.15;
}

.supply-context-card {
  margin: 18px 0 0;
  padding: 20px 24px;
  display: grid;
  grid-template-columns: 145px minmax(150px, 0.28fr) minmax(0, 1fr);
  align-items: center;
  gap: 20px;
  border: 1px solid rgba(221, 66, 31, 0.24);
  border-left: 4px solid var(--accent);
  background: linear-gradient(100deg, rgba(221, 66, 31, 0.07), #fff 42%);
}

.supply-context-card > span {
  color: var(--accent);
  font-size: 10px;
  font-weight: 800;
  letter-spacing: 0.14em;
}

.supply-context-card > strong {
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 22px;
  font-weight: 500;
}

.supply-context-card > p {
  margin: 0;
  color: var(--muted);
  font-size: 12px;
  line-height: 1.75;
}

.evidence-page {
  display: inline-block;
  color: var(--muted-2);
  font-size: 9px;
  white-space: nowrap;
}

.valuation-overview {
  margin-bottom: 18px;
}

.stat-card .text-value {
  font-family: inherit;
  font-size: 19px;
  font-weight: 600;
  line-height: 1.45;
}

.detail-table {
  margin-top: 18px;
}

.table-sub {
  margin-top: 3px;
  display: block;
  color: var(--muted);
  font-size: 9px;
  font-weight: 400;
}

.detail-parameter-grid {
  margin-top: 18px;
}

.compact-tile {
  min-height: 112px;
}

.compact-tile .metric-value {
  font-family: inherit;
  font-size: 17px;
  font-weight: 600;
  line-height: 1.4;
}

.distribution-layout {
  align-items: start;
}

.distribution-layout .detail-table {
  margin-top: 0;
}

.distribution-layout .chart-card {
  min-height: 100%;
}

.cashflow-basis {
  margin-top: 18px;
  padding: 16px 18px;
  border-left: 3px solid var(--accent);
  color: var(--muted);
  background: #fff;
  font-size: 12px;
}

.cashflow-basis strong {
  color: var(--navy);
}

.risk-grid {
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  border-top: 1px solid var(--line-strong);
  border-left: 1px solid var(--line-strong);
}

.risk-card {
  min-height: 230px;
  padding: 26px;
  border-right: 1px solid var(--line-strong);
  border-bottom: 1px solid var(--line-strong);
  background: #fff;
}

.risk-card > span:first-child {
  color: var(--accent);
  font-family: "Georgia", serif;
  font-size: 11px;
  letter-spacing: 0.12em;
}

.risk-card h3 {
  margin: 24px 0 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 22px;
  font-weight: 500;
  line-height: 1.35;
}

.risk-card p {
  margin: 12px 0 15px;
  color: var(--muted);
  font-size: 12px;
}

.detail-source-grid {
  display: grid;
  grid-template-columns: minmax(0, 1.15fr) minmax(380px, 0.85fr);
  gap: 38px;
  align-items: start;
}

.source-card {
  padding: 30px;
  border-top: 5px solid var(--accent);
  color: rgba(255, 255, 255, 0.68);
  background: var(--navy);
}

.source-card .eyebrow {
  color: #ffb178;
}

.source-card h2 {
  margin: 0;
  color: #fff;
  font-family: "Georgia", "Songti SC", serif;
  font-size: 28px;
  font-weight: 500;
}

.source-card dl {
  margin: 22px 0 0;
  display: grid;
  grid-template-columns: 70px minmax(0, 1fr);
  gap: 9px 14px;
  font-size: 11px;
}

.source-card dt {
  color: rgba(255, 255, 255, 0.42);
}

.source-card dd {
  min-width: 0;
  margin: 0;
  color: rgba(255, 255, 255, 0.82);
}

.hash-value {
  overflow-wrap: anywhere;
  font-family: "Consolas", monospace;
  font-size: 9px;
}

.source-links {
  margin-top: 24px;
  display: flex;
  flex-wrap: wrap;
  gap: 9px;
}

.source-links a {
  padding: 8px 12px;
  border: 1px solid rgba(255, 255, 255, 0.28);
  color: #fff;
  font-size: 11px;
}

.source-links a:hover {
  border-color: var(--orange);
  color: #ffb178;
}

.source-card > p:last-child {
  margin: 18px 0 0;
  font-size: 10px;
}

.research-stat-grid {
  margin-top: 22px;
}

.research-stat {
  min-height: 126px;
}

.research-stat .value {
  font-size: 27px;
}

.research-stat .sub {
  margin-top: 9px;
  color: var(--muted);
  font-size: 10px;
  line-height: 1.55;
}

.research-split {
  align-items: start;
}

.research-split > * {
  min-width: 0;
}

.research-table {
  align-self: stretch;
  min-width: 0;
  max-width: 100%;
  background: #fff;
}

.research-table table {
  min-width: 600px;
}

.research-table .wide-table {
  min-width: 980px;
}

.table-title {
  margin: 0 0 12px;
  color: var(--navy);
  font-size: 14px;
  font-weight: 600;
}

.empty-cell {
  padding: 36px 20px !important;
  color: var(--muted);
  text-align: center;
}

.research-empty,
.pending-panel,
.quadrant-panel {
  min-height: 260px;
  padding: 30px;
  border: 1px solid var(--line);
  background: #fff;
}

.research-empty {
  display: flex;
  flex-direction: column;
  justify-content: center;
}

.research-empty h3,
.pending-panel h3 {
  margin: 8px 0 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 25px;
  font-weight: 500;
}

.research-empty > p:last-child,
.pending-panel p,
.quadrant-panel > p {
  margin: 13px 0 0;
  color: var(--muted);
  font-size: 12px;
  line-height: 1.75;
}

.pending-panel {
  min-height: 220px;
  border-top: 4px solid var(--orange);
  background: linear-gradient(145deg, #fff 0%, #fff9f5 100%);
}

.status-pill {
  display: inline-flex;
  padding: 5px 10px;
  border: 1px solid #f1b697;
  border-radius: 999px;
  color: var(--accent);
  background: #fff5ef;
  font-size: 10px;
}

.quadrant-panel {
  border-top: 4px solid var(--navy);
}

.quadrant-head {
  display: flex;
  justify-content: space-between;
  gap: 24px;
  align-items: flex-start;
}

.quadrant-head span,
.quadrant-head small {
  display: block;
  color: var(--muted);
  font-size: 10px;
}

.quadrant-head strong {
  display: block;
  margin-top: 5px;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 25px;
  font-weight: 500;
}

.quadrant-grid {
  margin-top: 22px;
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  border-top: 1px solid var(--line);
  border-left: 1px solid var(--line);
}

.quadrant {
  min-height: 84px;
  padding: 16px;
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}

.quadrant strong,
.quadrant span {
  display: block;
}

.quadrant strong {
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 23px;
  font-weight: 500;
}

.quadrant span {
  margin-top: 4px;
  color: var(--muted);
  font-size: 10px;
}

.quadrant.positive {
  background: #f1f8f5;
}

.quadrant.negative {
  background: #fff4f1;
}

.quadrant.watch {
  background: #fffbf2;
}

.research-headlines {
  display: grid;
  gap: 10px;
}

.featured-headlines {
  grid-template-columns: repeat(5, minmax(0, 1fr));
}

.headline-item {
  position: relative;
  padding: 20px 22px;
  border: 1px solid var(--line);
  border-left: 4px solid var(--orange);
  background: #fff;
}

.headline-item.positive {
  border-left-color: #23755a;
}

.headline-item.negative {
  border-left-color: #b33b2e;
}

.headline-item.watch {
  border-left-color: #f59e0b;
}

.headline-item h3 {
  margin: 0;
  color: var(--navy);
  font-size: 14px;
  line-height: 1.5;
}

.headline-item p {
  margin: 8px 0 0;
  color: var(--muted);
  font-size: 10px;
  line-height: 1.7;
}

.research-scope {
  margin-top: 20px;
}

.research-actions {
  margin-top: 22px;
  display: flex;
  flex-wrap: wrap;
  gap: 10px;
}

.button-primary,
.button-secondary {
  display: inline-flex;
  min-height: 42px;
  padding: 0 18px;
  align-items: center;
  justify-content: center;
  border: 1px solid var(--accent);
  font-size: 12px;
  font-weight: 600;
}

.hero-actions {
  display: flex;
  flex-wrap: wrap;
  gap: 10px;
  margin-top: 24px;
}

.hero-actions .button-secondary {
  background: rgba(255, 255, 255, 0.92);
}

.home-decision-path {
  margin-top: 18px;
}

.button-primary {
  color: #fff;
  background: var(--accent);
}

.button-secondary {
  color: var(--accent);
  background: #fff;
}

.quarter-archive {
  display: grid;
  grid-template-columns: repeat(4, minmax(0, 1fr));
  gap: 14px;
}

.quarter-card {
  min-height: 210px;
  padding: 22px;
  display: flex;
  flex-direction: column;
  border: 1px solid var(--line);
  color: inherit;
  background: #fff;
  transition: border-color 160ms ease, transform 160ms ease, box-shadow 160ms ease;
}

.quarter-card:hover {
  border-color: var(--orange);
  transform: translateY(-2px);
  box-shadow: 0 12px 30px rgba(14, 40, 58, 0.08);
}

.quarter-card.latest {
  border-top: 4px solid var(--accent);
  background: linear-gradient(145deg, #fff 0%, #fff8f3 100%);
}

.quarter-card-head {
  display: flex;
  justify-content: space-between;
  gap: 15px;
  align-items: center;
  color: var(--accent);
  font-size: 11px;
  font-weight: 700;
  letter-spacing: 0.06em;
}

.quarter-card-head small {
  color: var(--muted);
  font-weight: 400;
  letter-spacing: 0;
}

.quarter-card h3 {
  margin: 14px 0 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 20px;
  font-weight: 500;
}

.quarter-card dl {
  margin: 17px 0 0;
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  gap: 8px 12px;
}

.quarter-card dl > div {
  min-width: 0;
}

.quarter-card dt,
.quarter-card dd {
  margin: 0;
  font-size: 9px;
}

.quarter-card dt {
  color: var(--muted);
}

.quarter-card dd {
  margin-top: 2px;
  color: var(--navy);
  font-weight: 600;
}

.quarter-card-link {
  margin-top: auto;
  padding-top: 14px;
  color: var(--accent);
  font-size: 10px;
}

.quarter-nav {
  margin-top: 8px;
  min-height: 46px;
  padding: 0 18px;
  display: grid;
  grid-template-columns: 1fr auto 1fr;
  align-items: center;
  border: 1px solid var(--line);
  background: #fff;
  font-size: 11px;
}

.quarter-nav > :last-child {
  justify-self: end;
}

.quarter-nav.bottom {
  margin: 56px 0 8px;
}

.quarter-messages {
  margin: 22px 0 0;
  padding: 0;
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  border-top: 1px solid var(--line);
  border-left: 1px solid var(--line);
  list-style: none;
}

.quarter-messages li {
  min-height: 90px;
  padding: 20px;
  display: grid;
  grid-template-columns: 30px 1fr;
  gap: 12px;
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  background: #fff;
}

.quarter-messages span {
  color: var(--orange);
  font-family: "Georgia", serif;
  font-size: 17px;
}

.quarter-messages p {
  margin: 0;
  color: var(--navy);
  font-size: 12px;
  line-height: 1.7;
}

.anchor-section {
  scroll-margin-top: 92px;
}

.research-source-note {
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  border-top: 1px solid var(--line);
  border-left: 1px solid var(--line);
}

.research-source-note > div {
  min-height: 135px;
  padding: 22px;
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  background: #fff;
}

.research-source-note span,
.research-source-note strong {
  display: block;
}

.research-source-note span {
  color: var(--accent);
  font-size: 9px;
  letter-spacing: 0.08em;
}

.research-source-note strong {
  margin-top: 7px;
  color: var(--navy);
  font-size: 12px;
}

.research-source-note p {
  margin: 8px 0 0;
  color: var(--muted);
  font-size: 10px;
  line-height: 1.6;
}

.compact-method-grid {
  grid-template-columns: repeat(3, minmax(0, 1fr));
  gap: 0;
  border-top: 1px solid var(--line);
  border-left: 1px solid var(--line);
}

.compact-method-grid article {
  min-height: 190px;
  padding: 26px;
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  background: #fff;
}

.compact-method-grid span {
  color: var(--orange);
  font-family: "Georgia", serif;
  font-size: 17px;
}

.compact-method-grid h3 {
  margin: 14px 0 0;
  color: var(--navy);
  font-size: 16px;
}

.compact-method-grid p {
  margin: 10px 0 0;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.75;
}

.home-event-list {
  border-top: 1px solid var(--line-strong);
  background: #fff;
}

.event-card {
  display: grid;
  grid-template-columns: minmax(170px, 0.28fr) minmax(0, 1fr);
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  border-left: 1px solid var(--line);
  background: #fff;
}

.event-card-date {
  padding: 22px 24px;
  border-right: 1px solid var(--line);
  background: #f4f1ed;
}

.event-card-date time,
.event-card-date span {
  display: block;
}

.event-card-date time {
  color: var(--navy);
  font-family: "Georgia", "Times New Roman", serif;
  font-size: 16px;
  font-variant-numeric: tabular-nums;
}

.event-card-date span {
  margin-top: 5px;
  color: var(--muted);
  font-size: 10px;
  letter-spacing: 0.08em;
}

.event-card-copy {
  padding: 19px 24px 20px;
}

.event-card-copy h3 {
  margin: 7px 0 0;
  color: var(--navy);
  font-size: 15px;
}

.event-card-copy p {
  margin: 6px 0 7px;
  color: var(--muted);
  font-size: 12px;
}

.event-badge-row {
  display: flex;
  flex-wrap: wrap;
  gap: 6px;
}

.event-badge {
  display: inline-flex;
  align-items: center;
  min-height: 22px;
  padding: 3px 8px;
  border: 1px solid var(--line-strong);
  color: var(--muted);
  background: #fff;
  font-size: 9px;
  font-weight: 700;
  line-height: 1.25;
  letter-spacing: 0.04em;
}

.event-badge.event-actual,
.event-badge.state-completed {
  border-color: rgba(35, 117, 90, 0.3);
  color: var(--positive);
  background: rgba(35, 117, 90, 0.06);
}

.event-badge.event-scheduled,
.event-badge.state-upcoming {
  border-color: rgba(217, 72, 28, 0.34);
  color: var(--accent);
  background: rgba(217, 72, 28, 0.06);
}

.event-badge.event-rule,
.event-badge.state-in-progress {
  border-color: rgba(20, 38, 54, 0.28);
  color: var(--navy);
  background: rgba(20, 38, 54, 0.06);
}

.event-badge.state-verification,
.event-badge.state-calendar-pending {
  border-color: rgba(154, 106, 23, 0.34);
  color: var(--watch);
  background: rgba(245, 158, 11, 0.08);
}

.event-source {
  color: var(--accent);
  font-size: 10px;
  font-weight: 600;
}

.event-source.muted {
  color: var(--muted-2);
}

.event-method-note {
  margin-top: 12px;
  color: var(--muted);
  font-size: 10px;
}

.event-method-card {
  min-height: 210px;
  padding: 28px;
  border: 1px solid var(--line);
  border-top: 4px solid var(--navy);
  background: #fff;
}

.event-method-card.event-scheduled {
  border-top-color: var(--accent);
}

.event-method-card.event-rule {
  border-top-color: var(--orange);
}

.event-method-card > span {
  color: var(--muted);
  font-size: 11px;
  font-weight: 700;
  letter-spacing: 0.08em;
}

.event-method-card > strong {
  display: block;
  margin-top: 16px;
  color: var(--navy);
  font-family: "Georgia", "Times New Roman", serif;
  font-size: 36px;
  font-weight: 500;
}

.event-method-card p {
  margin: 12px 0 0;
  color: var(--muted);
  font-size: 12px;
}

.rule-window-grid {
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  gap: 16px;
}

.rule-window-card {
  min-height: 270px;
  padding: 24px;
  border: 1px solid var(--line);
  background: #fff;
}

.rule-window-card .rule-period {
  display: block;
  margin-top: 20px;
  color: var(--accent);
  font-family: "Georgia", "Times New Roman", serif;
  font-size: 18px;
}

.rule-window-card h3 {
  margin: 5px 0 0;
  color: var(--navy);
  font-size: 15px;
}

.rule-window-card > strong {
  display: block;
  margin-top: 18px;
  color: var(--ink);
  font-size: 13px;
  font-variant-numeric: tabular-nums;
}

.rule-window-card p {
  margin: 10px 0 8px;
  color: var(--muted);
  font-size: 11px;
}

.event-conflict-note {
  margin-top: 18px;
  border-left: 3px solid var(--orange);
}

.event-toolbar {
  grid-template-columns: minmax(260px, 1.5fr) repeat(4, minmax(130px, 0.75fr)) minmax(100px, 0.45fr);
}

.event-toolbar .filter-count {
  min-height: 42px;
  padding: 9px 12px;
  border: 1px solid var(--line);
  color: var(--navy);
  background: #fff;
  font-size: 12px;
  font-weight: 600;
}

.event-table {
  min-width: 1380px;
}

.event-table th:nth-child(1) {
  min-width: 175px;
}

.event-table th:nth-child(2) {
  min-width: 190px;
}

.event-table th:nth-child(4) {
  min-width: 160px;
}

.event-table th:nth-child(5) {
  min-width: 180px;
}

.event-table th:nth-child(6) {
  min-width: 360px;
}

.event-date-cell {
  color: var(--navy);
  font-size: 11px;
}

.event-summary-cell {
  color: var(--muted);
  font-size: 11px;
}

.quality-premium-kpis .value-small {
  font-size: 20px;
  line-height: 1.35;
}

.quality-premium-thesis {
  margin-top: 20px;
  padding: 24px 26px;
  display: grid;
  grid-template-columns: minmax(210px, 0.7fr) minmax(280px, 1.3fr) auto;
  align-items: center;
  gap: 24px;
  border: 1px solid var(--line);
  border-left: 4px solid var(--accent);
  background: #fff;
}

.quality-premium-thesis.quality {
  border-left-color: var(--positive);
}

.quality-premium-thesis.risk {
  border-left-color: var(--negative);
}

.quality-premium-thesis.watch {
  border-left-color: var(--watch);
}

.quality-premium-thesis span:first-child,
.quality-finding-card > span {
  color: var(--muted);
  font-size: 9px;
  letter-spacing: 0.14em;
  text-transform: uppercase;
}

.quality-premium-thesis h3 {
  margin: 5px 0 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 23px;
  font-weight: 500;
}

.quality-premium-thesis p {
  margin: 0;
  color: var(--muted);
  font-size: 12px;
  line-height: 1.8;
}

.quality-premium-headline {
  border-left: 4px solid var(--accent);
}

.quality-framework {
  align-items: stretch;
}

.quality-matrix {
  position: relative;
  min-height: 420px;
  padding: 36px;
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  gap: 10px;
  border: 1px solid var(--line);
  background: #fff;
}

.quality-axis {
  position: absolute;
  color: var(--muted);
  font-size: 9px;
  letter-spacing: 0.12em;
}

.quality-axis-y {
  top: 14px;
  left: 36px;
}

.quality-axis-x {
  right: 36px;
  bottom: 12px;
}

.quality-cell {
  min-height: 165px;
  padding: 22px;
  display: flex;
  flex-direction: column;
  justify-content: center;
  border: 1px solid var(--line);
  background: var(--surface-warm);
}

.quality-cell.quality {
  border-top: 3px solid var(--positive);
  background: #f4faf7;
}

.quality-cell.opportunity {
  border-top: 3px solid var(--accent);
}

.quality-cell.risk {
  border-top: 3px solid var(--negative);
  background: #fff6f4;
}

.quality-cell.watch {
  border-top: 3px solid var(--watch);
  background: #fffbf2;
}

.quality-cell span {
  color: var(--muted);
  font-size: 10px;
}

.quality-cell strong {
  margin-top: 5px;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 25px;
  font-weight: 500;
}

.quality-cell p {
  margin: 12px 0 0;
  color: var(--muted);
  font-size: 11px;
}

.quality-principles {
  display: grid;
  gap: 10px;
}

.quality-principles article {
  padding: 25px 28px;
  display: grid;
  grid-template-columns: 36px minmax(130px, 0.5fr) minmax(220px, 1fr);
  align-items: center;
  gap: 18px;
  border: 1px solid var(--line);
  background: #fff;
}

.quality-principles span {
  color: var(--accent);
  font-family: "Georgia", serif;
  font-size: 19px;
}

.quality-principles h3,
.quality-finding-card h3 {
  margin: 0;
  color: var(--navy);
  font-size: 15px;
}

.quality-principles p,
.quality-finding-card p {
  margin: 0;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.75;
}

.quality-findings {
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  gap: 14px;
}

.quality-finding-card {
  min-height: 220px;
  padding: 26px;
  border: 1px solid var(--line);
  border-top: 3px solid var(--accent);
  background: #fff;
}

.quality-finding-card > strong {
  margin: 7px 0 15px;
  display: block;
  color: var(--navy);
  font-family: "Georgia", serif;
  font-size: 34px;
  font-weight: 500;
}

.quality-finding-card p {
  margin-top: 10px;
}

.quality-finding-card small {
  margin-top: 16px;
  display: block;
  color: var(--muted-2);
  font-size: 9px;
}

.quality-fund-table {
  margin-top: 26px;
}

.quality-toolbar {
  grid-template-columns: minmax(260px, 1.5fr) minmax(150px, 0.7fr) minmax(190px, 0.9fr) 120px;
}

.quality-toolbar .result-count {
  min-height: 42px;
  padding: 9px 12px;
  display: flex;
  align-items: center;
  justify-content: center;
  border: 1px solid var(--line);
  color: var(--navy);
  background: var(--surface-warm);
  font-family: "Georgia", serif;
  font-size: 17px;
}

.quality-fund-table .wide-table {
  min-width: 1120px;
}

.decision-path {
  margin-top: 24px;
  display: grid;
  grid-template-columns: repeat(5, minmax(0, 1fr));
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}

.decision-path article {
  min-height: 205px;
  padding: 24px 22px;
  border-top: 3px solid var(--accent);
  border-left: 1px solid var(--line);
  background: #fff;
}

.decision-path article:nth-child(2),
.decision-path article:nth-child(4) {
  border-top-color: var(--orange);
  background: #fffaf6;
}

.decision-path span,
.fund-decision-nav span {
  color: var(--accent);
  font-family: "Georgia", serif;
  font-size: 18px;
}

.decision-path h3 {
  margin: 16px 0 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 22px;
  font-weight: 500;
}

.decision-path p {
  margin: 13px 0 0;
  color: var(--muted);
  font-size: 12px;
  line-height: 1.8;
}

.decision-coverage-grid {
  margin-top: 22px;
}

.decision-evidence-layout {
  align-items: stretch;
}

.decision-evidence-cards {
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}

.decision-evidence-cards article {
  min-height: 180px;
  padding: 22px;
  border-top: 1px solid var(--line);
  border-left: 1px solid var(--line);
  background: #fff;
}

.decision-evidence-cards span {
  color: var(--accent);
  font-size: 10px;
  letter-spacing: 0.12em;
}

.decision-evidence-cards h3 {
  margin: 10px 0 0;
  color: var(--navy);
  font-size: 15px;
}

.decision-evidence-cards p {
  margin: 9px 0 0;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.75;
}

.decision-sector-table {
  min-width: 1380px;
}

.decision-sector-table th:first-child {
  min-width: 150px;
}

.decision-sector-table th:nth-child(2),
.decision-sector-table th:nth-child(3),
.decision-sector-table th:nth-child(6) {
  min-width: 185px;
}

.decision-sector-table th:nth-child(4),
.decision-sector-table th:nth-child(5) {
  min-width: 170px;
}

.decision-matrix-table {
  min-width: 1720px;
}

.decision-matrix-table th:nth-child(1) {
  min-width: 225px;
}

.decision-matrix-table th:nth-child(2) {
  min-width: 145px;
}

.decision-matrix-table th:nth-child(3) {
  min-width: 215px;
}

.decision-matrix-table th:nth-child(4),
.decision-matrix-table th:nth-child(5),
.decision-matrix-table th:nth-child(6),
.decision-matrix-table th:nth-child(8) {
  min-width: 195px;
}

.decision-matrix-table th:nth-child(7) {
  min-width: 165px;
}

.decision-matrix-table th:nth-child(9) {
  min-width: 145px;
}

.research-archive-role {
  padding: 30px 34px;
  display: flex;
  align-items: center;
  justify-content: space-between;
  gap: 36px;
  border: 1px solid var(--line);
  border-left: 4px solid var(--accent);
  background: #fff;
}

.research-archive-role h2 {
  margin: 5px 0 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: clamp(25px, 3vw, 38px);
  font-weight: 500;
}

.research-archive-role p:not(.eyebrow) {
  max-width: 760px;
  margin: 12px 0 0;
  color: var(--muted);
  line-height: 1.75;
}

.research-archive-role .button-primary {
  flex: 0 0 auto;
}

.research-validation-grid .card {
  min-height: 210px;
}

.research-validation-grid h3 {
  margin: 10px 0 0;
  color: var(--navy);
  font-family: "Georgia", "Songti SC", serif;
  font-size: 23px;
  font-weight: 500;
}

.research-validation-grid p {
  color: var(--muted);
  line-height: 1.75;
}

.fund-decision-nav {
  margin: 24px 0 0;
  display: grid;
  grid-template-columns: repeat(5, minmax(0, 1fr));
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}

#market-confirmation > .grid-4 + .grid-4 {
  margin-top: 18px;
}

.fund-decision-nav a {
  min-height: 72px;
  padding: 15px 17px;
  display: flex;
  align-items: center;
  gap: 10px;
  border-top: 1px solid var(--line);
  border-left: 1px solid var(--line);
  color: var(--navy);
  background: #fff;
  font-size: 12px;
  font-weight: 600;
}

.fund-decision-nav a:hover {
  color: var(--accent);
  background: #fff8f2;
}

@media (max-width: 1120px) {
  .brand-copy {
    display: none;
  }

  .main-nav a {
    padding-right: 7px;
    padding-left: 7px;
    font-size: 12px;
  }

  .sector-grid,
  .grid-4,
  .metric-grid {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .asset-grid {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .toolbar {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .quality-premium-thesis {
    grid-template-columns: 1fr 1.4fr;
  }

  .quality-premium-thesis > .badge {
    justify-self: start;
  }

  .quality-findings {
    grid-template-columns: 1fr;
  }

  .matrix-toolbar {
    grid-template-columns: repeat(3, minmax(0, 1fr));
  }

  .event-toolbar {
    grid-template-columns: repeat(3, minmax(0, 1fr));
  }

  .issuance-grid {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .issuance-detail-hero {
    grid-template-columns: minmax(0, 1fr) minmax(360px, 0.85fr);
  }

  .quarter-archive {
    grid-template-columns: repeat(3, minmax(0, 1fr));
  }

  .featured-headlines {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .risk-thread-grid {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }
}

@media (max-width: 820px) {
  .header-inner,
  .page-shell,
  .footer-inner {
    width: min(100% - 28px, var(--content));
  }

  .header-inner {
    min-height: 66px;
  }

  .brand img {
    width: 126px;
  }

  .v3-thesis-head {
    align-items: flex-start;
    flex-direction: column;
  }

  .v3-thesis-grid,
  .risk-thread-grid,
  .v3-framework-section .method-grid {
    grid-template-columns: 1fr;
  }

  .v3-thesis-block,
  .v3-thesis-block:nth-child(4),
  .v3-thesis-block:nth-child(5) {
    grid-column: span 1;
  }

  .issuance-detail-hero {
    grid-template-columns: 1fr;
  }

  .issuance-detail-hero > div:first-child {
    padding: 34px 24px 30px;
  }

  .issuance-hero-image {
    height: min(112vw, 440px);
    max-height: 440px;
  }

  .issuance-hero-image img {
    min-height: 0;
  }

  .nav-toggle {
    display: block;
  }

  .main-nav {
    position: absolute;
    top: 66px;
    right: 0;
    left: 0;
    padding: 9px 14px 15px;
    display: none;
    flex-direction: column;
    align-items: stretch;
    border-top: 1px solid rgba(255, 255, 255, 0.15);
    background: var(--navy);
  }

  .main-nav.open {
    display: flex;
  }

  .main-nav a {
    padding: 9px 10px;
  }

  .main-nav a.active::after {
    display: none;
  }

  .page-shell {
    padding-top: 24px;
  }

  .hero {
    min-height: 360px;
    padding: 40px 28px;
  }

  .hero h1 {
    font-size: 42px;
  }

  .hero-lead {
    font-size: 15px;
  }

  .kpi-strip {
    margin: 0;
    grid-template-columns: repeat(2, 1fr);
  }

  .kpi {
    border-bottom: 1px solid var(--line);
  }

  .grid-2,
  .grid-3,
  .asset-grid,
  .report-list,
  .issuance-grid,
  .method-notes,
  .risk-grid,
  .detail-source-grid,
  .issuance-detail-hero {
    grid-template-columns: 1fr;
  }

  .supply-context-card {
    grid-template-columns: 120px minmax(150px, 0.35fr) minmax(0, 1fr);
    gap: 14px;
  }

  .thermometer-current {
    min-width: 110px;
  }

  .issuance-detail-photo img {
    min-height: 320px;
    max-height: 520px;
  }

  .detail-kpi-strip {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .operating-kpi-grid {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .detail-kpi-strip > div:nth-child(2) {
    border-right: 0;
  }

  .detail-kpi-strip > div:nth-child(-n + 2) {
    border-bottom: 1px solid var(--line);
  }

  .fund-meta {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .decision-summary-grid {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .decision-summary-tile:nth-child(2) {
    border-right: 0;
  }

  .decision-summary-tile:nth-child(-n + 2) {
    border-bottom: 1px solid var(--line);
  }

  .decision-next-checks {
    grid-template-columns: 1fr;
    gap: 16px;
  }

  .method-grid {
    grid-template-columns: 1fr;
  }

  .matrix-toolbar {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .matrix-detail-grid {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .quarter-archive,
  .quarter-messages {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .rule-window-grid {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }

  .compact-method-grid,
  .research-source-note {
    grid-template-columns: 1fr;
  }

  .method-index {
    position: static;
  }

  .footer-inner {
    flex-direction: column;
  }

  .footer-right {
    text-align: left;
  }

}

@media (max-width: 560px) {
  .sector-grid,
  .grid-4,
  .metric-grid,
  .toolbar,
  .matrix-toolbar,
  .kpi-strip,
  .detail-kpi-strip {
    grid-template-columns: 1fr;
  }

  .matrix-toolbar input[data-matrix-filter="search"] {
    grid-column: auto;
  }

  .sector-metric-explorer {
    padding: 16px;
  }

  .sector-metric-selector-label {
    width: 100%;
  }

  .sector-metric-button {
    flex: 1 1 calc(50% - 9px);
  }

  .dividend-spread-explorer .chart-card,
  .sector-dividend-relative-value .chart-card {
    min-height: 0;
  }

  .dividend-spread-explorer .chart,
  .dividend-spread-explorer .chart-empty,
  .sector-dividend-relative-value .chart,
  .sector-dividend-relative-value .chart-empty {
    min-height: 170px;
  }

  .event-toolbar,
  .rule-window-grid {
    grid-template-columns: 1fr;
  }

  .event-card {
    grid-template-columns: 1fr;
  }

  .event-card-date {
    padding: 14px 18px;
    border-right: 0;
    border-bottom: 1px solid var(--line);
  }

  .event-card-date time,
  .event-card-date span {
    display: inline;
  }

  .event-card-date span {
    margin-left: 8px;
  }

  .matrix-detail-grid {
    padding-left: 18px;
    grid-template-columns: 1fr;
  }

  .subnav-tabs {
    gap: 18px;
    overflow-x: auto;
  }

  .quarter-archive,
  .quarter-messages,
  .featured-headlines {
    grid-template-columns: 1fr;
  }

  .quarter-nav {
    padding: 12px;
    gap: 10px;
    font-size: 9px;
  }

  .quadrant-head {
    flex-direction: column;
    gap: 8px;
  }

  .research-actions a {
    width: 100%;
  }

  .quality-premium-thesis,
  .quality-principles article {
    grid-template-columns: 1fr;
  }

  .quality-matrix {
    min-height: 0;
    padding: 28px 18px 34px;
    grid-template-columns: 1fr;
  }

  .quality-cell {
    min-height: 130px;
  }

  .operating-kpi-grid {
    grid-template-columns: 1fr;
  }

  .period-snapshot-group-card {
    grid-column: auto;
  }

  .kpi {
    border-right: 0;
  }

  .section {
    margin-top: 42px;
  }

  .section-heading {
    align-items: flex-start;
    flex-direction: column;
  }

  .thermometer-card {
    padding-right: 16px;
    padding-left: 16px;
  }

  .thermometer-card .chart-head {
    flex-direction: column;
  }

  .thermometer-current {
    width: 100%;
    margin-top: 10px;
    align-items: flex-start;
    text-align: left;
  }

  .thermometer-metrics span {
    padding-right: 4px;
    padding-left: 4px;
  }

  .fund-hero {
    padding: 30px 24px;
  }

  .fund-meta {
    grid-template-columns: 1fr;
  }

  .fund-decision-card {
    padding: 28px 20px 0;
  }

  .decision-card-head {
    align-items: stretch;
    flex-direction: column;
    gap: 14px;
  }

  .decision-confidence {
    min-width: 0;
    text-align: left;
  }

  .decision-thesis {
    font-size: 20px;
  }

  .decision-summary-grid {
    margin-right: -20px;
    margin-left: -20px;
    grid-template-columns: 1fr;
  }

  .decision-summary-tile,
  .decision-summary-tile:nth-child(2) {
    border-right: 0;
    border-bottom: 1px solid var(--line);
  }

  .decision-summary-tile:last-child {
    border-bottom: 0;
  }

  .decision-evidence-grid {
    grid-template-columns: 1fr;
  }

  .decision-next-checks {
    margin-right: -20px;
    margin-left: -20px;
    padding-right: 20px;
    padding-left: 20px;
  }

  .decision-guard {
    margin-right: -20px;
    margin-left: -20px;
    padding-right: 20px;
    padding-left: 20px;
  }

  .judgement {
    grid-template-columns: 1fr;
  }

  .issuance-detail-copy {
    padding: 34px 24px 30px;
  }

  .issuance-value-row {
    grid-template-columns: 1fr;
  }

  .issuance-value-row div + div {
    padding-left: 0;
    border-top: 1px solid var(--line);
    border-left: 0;
  }

  .detail-kpi-strip > div {
    border-right: 0;
    border-bottom: 1px solid var(--line);
  }

  .supply-context-card {
    padding: 18px;
    grid-template-columns: 1fr;
    gap: 7px;
  }

  .supply-context-card > strong {
    font-size: 20px;
  }

  .detail-kpi-strip > div:last-child {
    border-bottom: 0;
  }

  .timeline::before {
    left: 6px;
  }

  .timeline li {
    padding-left: 30px;
  }

  .timeline li::before {
    left: 1px;
  }

  .timeline time {
    position: static;
    display: block;
  }
}

@media (max-width: 1120px) {
  .decision-path {
    grid-template-columns: repeat(3, minmax(0, 1fr));
  }

  .decision-path article:nth-child(4),
  .decision-path article:nth-child(5) {
    grid-column: span 1;
  }

  .fund-decision-nav {
    grid-template-columns: repeat(3, minmax(0, 1fr));
  }
}

@media (max-width: 760px) {
  .decision-path,
  .decision-evidence-cards,
  .fund-decision-nav {
    grid-template-columns: 1fr;
  }

  .decision-path article,
  .decision-evidence-cards article,
  .fund-decision-nav a {
    min-height: 0;
  }

  .research-archive-role {
    padding: 24px 20px;
    align-items: flex-start;
    flex-direction: column;
  }
}

@media print {
  body {
    background: #fff;
  }

  .site-header,
  .site-footer,
  .toolbar,
  .no-print {
    display: none !important;
  }

  .page-shell {
    width: 100%;
    padding: 0;
  }

  .card,
  .chart-card,
  .stat-card,
  .asset-card,
  .research-card,
  .table-wrap {
    break-inside: avoid;
    box-shadow: none;
  }
}